Gujarat Alkalies & Chemicals Stock Sees -5.18% Decline, Outperforms Sector and Sensex

Gujarat Alkalies & Chemicals, a midcap company in the chemical industry, saw a decline of -5.18% in its stock price on September 11, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock's performance today was -4.57% lower than the sector's performance, indicating a downward trend. This is also supported by the fact that the stock has fallen after three consecutive days of gains.

On the day of trading, Gujarat Alkalies & Chemicals touched an intraday low of Rs 802.95, which is a decrease of -5.46% from its previous closing price. However, the stock is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Gujarat Alkalies & Chemicals' 1-day performance was -4.69%, while the Sensex's performance was only -0.49%. Over the past month, the stock has outperformed the Sensex with a 1-month performance of 8.84% compared to the Sensex's 2.28%.

Overall, Gujarat Alkalies & Chemicals has seen a decline in its stock price, but it is still performing better than the sector and the Sensex. Investors are advised to hold onto their stocks for now, as per MarketsMOJO's recommendation.